THE REAL WORLD OF MONEY
Andrew Gause may just be the top man anywhere for the highest quality analysis into the world of money we all live in. Andrew is a currency historian, an internationally recognized expert on the United States monetary system. He’s written two books, “The Secret World of Money” and “Uncle Sam Cooks the Books”. You can order these books as well as speak to Andrew personally. As a One Radio Network listener, you’ll have highest priority in his phone time. His # is 800.468.2646
At the end of this show Andy is asked if he had to pick a date on when the next big Ka Boom happens in the financial worlds, that he
suggests will be much bigger than 2008…listen and get his insights
-Renewed hacking attacks this weekend, with ransomers demanding payment in Bitcoin.
-NGC certification and price guides minimize the requirement for trust when purchasing numismatic coins.
-Why did Andrew Jackson repeal the the Second Bank of the US?
-The latest wrinkle – everyone should get a $12,000/year allowance. Share the wealth of the nation with anyone. Zuckerberg promoting the idea now, but it started with Marx.
-Before LBJ, the Social Security Trust Fund was left alone. He incorporated it into a unified federal budget but borrowing didn’t start until later.
-US meddling in the Nicaraguan elections with CIA-supported drug running.
-TV CEOs determining what gets covered on the news.
-Consolidation of media into 6 corporations.
-Google gets a $2.7 billion fine from the EU for anti-trust violations.
-Robert Groden, photographer, said autopsy photos of JFK given to him by a House committee to examine were faked.
-CIA involvement with Al-Queda and other black operations was hidden for years, but the media is in on it now. After the Bay of Pigs, JFK wanted to splinter the CIA into a thousand pieces and throw it to the winds.
-California lists glyphosate as a carcinogen.
-Illinois may be first state to declare bankruptcy. Can’t pay lottery proceeds, pensions, state bonds, operating expenses.
-Puerto Rico, Virgin Islands, and New Jersey are also out of money. 25% of states in trouble with unfunded pension liabilities, in large part due to defined benefit plans.
-Some college endowment funds are doing very well with billions of dollars. They keep raising tuition because kids can borrow the money.
-Health care is a $3 trillion dollar industry. Warren Buffet says its gone from 5% to 17% of GDP, while corporate taxes dropped from 4 to 2%. Health care more of a hindrance to US competitiveness than taxes. No incentive now to bring down costs. Is single-payer the answer?
-Administrative costs are 25% of the $3 trillion health care cost. How can Medicare run on less than 4%? If everyone was on Medicare, insurance companies would be offering supplemental plans.
-Congress’ mission should be repeal, not repeal and replace Obamacare. Medicine is broken.
-Coming up next week, comparison of the Bill of Rights to the Communist Manifesto.
-Carolyn in southern California said while real estate prices there are rising very fast, she is expecting the extended drought and skyrocketing property taxes to eventually affect real estate prices. Is it better to sell their home now, move to a less expensive state, and wait out a crash? What should she do with the proceeds of a house sale?
-Bank of International Settlements (BIS) are the the boys, the House of Rothschild. They exert a subtle control over the Central Bank to prevent global instability.
-Do the boys control Janet Yellen? Can they make her do bad things and blame it on Donald Trump? With Jimmy Carter, they raised interest rates a 1/4% every quarter until reelection time.
-If the corporate tax isn’t reduced from 35% to 15%, any chance for a robust recovery is off the table.
-Bitcoins and other crypto currencies are being redefined in law as a cash currency. Will trigger need for reporting requirements if transaction is over $10,000. They will lose their attractiveness as money laundering instruments. Counterfeiting Act of 2017 won’t do any of the things it claims to do.
-Bitcoin rival Ethereum is crashing. It’s not a finite crypto currency.
– A primer on the Bank of International Settlements
– Listener asks how to protect our computers from hackers
– The U.S. has about 122 Trillion in assets and could do a Land Bank instead of the FED Bank
– How can a country such as Zimbabwe or Venezuela get out of their economic problems using their natural resources?
– Why Goldman Sachs believes gold is now in a bull market.
Andrew Gause and The Real World of Money, June 28, 2017, Hour One
Andrew Gause and The Real World of Money, June 28, 2017, Hour Two
Andrew Gause and The Real World of Money, June 28, 2017, Hour Three